Mojkovac is on the west bank of the river Tara between the mountains Bjelasica and Sinjajevina. It is near the old mining town of Brskovo. During rule of King Stefan Uroš Nemanjić there was a money foundry there, from which Mojkovac got its name.
Mojkovac is famous for the Battle of Mojkovac (1916) where the Montenegrin army defeated the more powerful, Austro-Hungarian army.
Mojkovac has some tourism. As the Tara River is near Mojkovac, there is also white water rafting. The Monastery of Saint George in Dobrilovina, is the most important cultural and historic monument it dates back to 1592.